Boston Properties Rating Reiterated by Zacks (BXP)
Boston Properties (NYSE:BXP)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Thursday. They currently have a $123.00 price target on the stock. Zacks‘s target price suggests a potential upside of 5.81% from the company’s current price.
Shares of Boston Properties (NYSE:BXP) traded down 0.64% on Thursday, hitting $116.25. The stock had a trading volume of 1,363,738 shares. Boston Properties has a 52-week low of $98.04 and a 52-week high of $122.40. The stock’s 50-day moving average is $118.9 and its 200-day moving average is $111.0. The company has a market cap of $17.791 billion and a P/E ratio of 23.93.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by $0.04. On average, analysts predict that Boston Properties will post $5.28 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Boston Properties from $118.00 to $119.00 in a research note on Friday, May 30th. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Boston Properties in a research note on Friday, May 16th. They now have a $120.00 price target on the stock, down previously from $121.00. Finally, analysts at Robert W. Baird raised their price target on shares of Boston Properties from $113.00 to $122.00 in a research note on Tuesday, May 13th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $111.14.
In other Boston Properties news, EVP Raymond A. Ritchey sold 52,615 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $119.98, for a total value of $6,312,747.70. The sale was disclosed in a filing with the SEC, which is available at this link.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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